The impact of “Client Information Statement” on choice of investment

• Main Authors: lei-yu chen, 陳蕾玉
• Other Authors: Chun-Chieh Wang
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/pqz5n4

碩士 === 國立中山大學 === 經濟學研究所 === 103 === After the financial crisis, the Financial Supervisory Commission set a new regulation for banks that investors will be required to complete the “Client Information Statement” before financial consultation from banks. Hopefully clients can evaluate their own acceptable level of risk prior to making investments, and banks can make appropriate suggestions. However, it is found in this dissertation that investors who care much or less about risks tend not to reveal the corresponding acceptable level of risks in the statement as desired. Further, the average investors simply choose their investment targets according to expected utilities each financial product can bring. After introducing “Client Information statement,” the financial consultants in banks cannot manipulate investors’ choice as before.